Allison Transmission (NYSE:ALSN) Releases Earnings Results, Beats Expectations By $0.26 EPS

Allison Transmission (NYSE:ALSN) posted its earnings results on Wednesday. The auto parts company reported $1.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.26, Briefing.com reports. The company had revenue of $737.00 million during the quarter, compared to analyst estimates of $688.08 million. Allison Transmission had a net margin of 24.04% and a return on equity of 97.36%. Allison Transmission’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 earnings per share. Allison Transmission updated its FY 2019 guidance to EPS.

ALSN traded down $1.02 on Friday, hitting $45.22. The company had a trading volume of 874,420 shares, compared to its average volume of 978,287. The company has a debt-to-equity ratio of 3.37, a current ratio of 1.89 and a quick ratio of 1.49. Allison Transmission has a 52-week low of $40.35 and a 52-week high of $53.76. The business has a fifty day simple moving average of $45.94. The firm has a market cap of $5.79 billion, a price-to-earnings ratio of 9.46, a P/E/G ratio of 1.00 and a beta of 1.41.

In other Allison Transmission news, Director William R. Harker sold 4,977,043 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $46.70, for a total transaction of $232,427,908.10. Following the completion of the transaction, the director now owns 10,318 shares of the company’s stock, valued at $481,850.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Randall R. Kirk sold 37,776 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $42.60, for a total transaction of $1,609,257.60. Following the transaction, the senior vice president now directly owns 190,747 shares of the company’s stock, valued at approximately $8,125,822.20. The disclosure for this sale can be found here. Company insiders own 9.00% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Great West Life Assurance Co. Can boosted its stake in Allison Transmission by 10.9% in the fourth quarter. Great West Life Assurance Co. Can now owns 15,303 shares of the auto parts company’s stock worth $647,000 after purchasing an additional 1,508 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Allison Transmission by 2.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,424,822 shares of the auto parts company’s stock valued at $62,563,000 after acquiring an additional 33,364 shares during the period. Legal & General Group Plc lifted its stake in shares of Allison Transmission by 3.7% during the fourth quarter. Legal & General Group Plc now owns 100,757 shares of the auto parts company’s stock valued at $4,424,000 after acquiring an additional 3,641 shares during the period. Macquarie Group Ltd. lifted its stake in shares of Allison Transmission by 0.6% during the fourth quarter. Macquarie Group Ltd. now owns 226,453 shares of the auto parts company’s stock valued at $9,944,000 after acquiring an additional 1,280 shares during the period. Finally, Amalgamated Bank lifted its stake in shares of Allison Transmission by 62.1% during the fourth quarter. Amalgamated Bank now owns 25,835 shares of the auto parts company’s stock valued at $1,134,000 after acquiring an additional 9,895 shares during the period. 92.21% of the stock is owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on ALSN. Morgan Stanley began coverage on shares of Allison Transmission in a report on Wednesday, July 17th. They set an “equal weight” rating and a $50.00 target price for the company. Zacks Investment Research lowered shares of Allison Transmission from a “strong-buy” rating to a “hold” rating and set a $53.00 target price for the company. in a report on Wednesday, June 26th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Allison Transmission currently has an average rating of “Hold” and a consensus price target of $48.89.

Allison Transmission Company Profile

Allison Transmission Holdings, Inc, together with its subsidiaries, designs, manufactures, and sells commercial and defense fully-automatic transmissions for medium- and heavy-duty commercial vehicles, and medium- and heavy-tactical U.S. defense vehicles worldwide. It offers 12 transmission product lines for various applications, including distribution, refuse, construction, fire, and emergency on-highway trucks; school, transit, and hybrid-transit buses; motor homes; energy, mining, and construction off-highway vehicles and equipment; and wheeled and tracked defense vehicles.

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Earnings History for Allison Transmission (NYSE:ALSN)

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